# Christine Lagarde: ECB press conference - introductory statement

> ECB President Christine Lagarde's introductory statement at the December 10 press conference described a rebound in third-quarter activity that was overtaken by a Covid-19 resurgence. The bank said the pandemic is significantly curbing euro-area activity and that inflation will stay weaker for longer. The Governing Council then recalibrated its monetary policy instruments.

- Date: 2020-12-11 · published 2020-12-11T12:00:00.000Z
- Category: macro · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/49858-christine-lagarde-ecb-press-conference-introductory-statement
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A weaker inflation outlook and a longer period of accommodation point to a softer euro and continued low interest rates. That supports dollar-priced commodities over the medium term.

## Read by commodity

- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-03-09 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/72197-introductory-statement-to-the-press-conference-with-q-and-a.md) | +0.8% | +1.1% |
| EURUSD | 2019-01-24 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/61303-introductory-statement-to-the-press-conference-with-q-and-a.md) | +0.2% | -0.4% |
| EURUSD | 2018-12-13 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/61765-introductory-statement-to-the-press-conference-with-q-and-a.md) | +0.5% | +0.3% |
| EURUSD | 2017-01-19 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/73195-introductory-statement-to-the-press-conference-with-q-and-a.md) | -0.1% | -0.2% |
| EURUSD | 2019-09-12 | [ECB press conference - introductory statement \| Bank for International Settlements](https://feedsoft.ai/events/57277-ecb-press-conference-introductory-statement-bank-for-international-settlements.md) | +0.5% | -0.2% |

## Sources

- bis.org: https://www.bis.org/review/r201211a.htm

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.